Smiths News (LON:SNWS) Shares Down 9.5% – What’s Next?

Posted by Tech Dows on Jan 11th, 2025

Shares of Smiths News plc (LON:SNWS – Get Free Report) fell 9.5% on Thursday . The stock traded as low as GBX 59.40 ($0.73) and last traded at GBX 61.20 ($0.75). 1,615,870 shares were traded during trading, an increase of 37% from the average session volume of 1,183,762 shares. The stock had previously closed at GBX 67.60 ($0.83).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 95 ($1.16) price target on shares of Smiths News in a research report on Tuesday, November 5th.

Read Our Latest Report on Smiths News

Smiths News Price Performance

The firm has a market capitalization of £138.46 million, a price-to-earnings ratio of 648.89, a P/E/G ratio of 0.29 and a beta of 0.83. The stock has a fifty day moving average of GBX 63.07 and a two-hundred day moving average of GBX 59.83.

Smiths News Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be paid a GBX 5.40 ($0.07) dividend. This represents a dividend yield of 9.47%. This is an increase from Smiths News’s previous dividend of $1.75. The ex-dividend date is Thursday, January 9th. Smiths News’s payout ratio is currently 5,555.56%.

Insider Buying and Selling at Smiths News

In related news, insider Paul Baker sold 319,586 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.74), for a total value of £194,947.46 ($238,031.09). Also, insider Jonathan Bunting sold 1,183,423 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of GBX 61 ($0.74), for a total transaction of £721,888.03 ($881,426.17). Over the last three months, insiders have sold 1,993,578 shares of company stock valued at $121,608,258. 13.12% of the stock is currently owned by company insiders.

Smiths News Company Profile

(Get Free Report)

In 1792 we started delivering the nation’s newspapers. Today, we’re proud to be the UK’s largest wholesaler of newspapers and magazines, serving 24,000 retailers from superstores to corner shops.

Service and efficiency put us at the forefront of our industry and with 55% market share we are the leading player in one of the world’s fastest-moving supply chains.